The World’s Largest Banks in 2020
With the developing technology in the 2000s, banking has reached a different dimension. Now, instead of paper and metal coins, bitcoin and similar metals are now produced. For banking transactions, instead of going to the branch, it is done over the internet. Therefore, banking is no longer the same as before.
We have listed the world’s largest banks according to their assets. Of course, being the biggest does not mean the best service provider and customer satisfaction.
Barclays was founded in the United Kingdom on 20 July 1896. Barclays Bank is the world’s leading major financial group company, operating in the banking and finance sector for 300 years in nearly 60 countries in Europe, North America, the Middle East, Latin America, Australia, Asia and Africa.
19. Groupe BPCE
Groupe BPCE was established in 2009 in France. It is a French banking group formed by the merger of CNCE and BFBP and has more than 8,200 branches nationwide under its own brands serving nearly 40 million customers. It is one of the largest banks in France.
18. Societe Generale
Societe Generale is one of the oldest and largest banks in France. It has more than 100,000 employees worldwide. It was founded in France on May 4, 1864.
17. Deutsche Bank
Deutsche Bank was founded in Berlin in 1870 to support the internationalization of trade and to facilitate trade between Germany and overseas markets; The London branch was opened in 1873 as the first European office outside of Germany.
16. Banko Santander
Santander Bank is a bank based in Spain. The bank was founded in 1857 and as of 2017 it is the largest bank in Spain and the fifth largest in Europe. An international bank, Santander Bank operates in about 50 countries.
15. Mizuho Financial Group
Mizuho is a Japan based financial institution. The company was established in 2000 in Tokyo.
14. Sumitomo Mitsui Financial Group
Sumitomo Mitsui was established in 2002 in Tokyo city of Japan. It is one of the largest financial institutions in the world.
13. Wells Fargo
Well Fargo was established in 1852 in the USA. It is one of the largest banks in America and the world.
12. Japan Post Bank
Japan Post Bank was established in 2006 in Tokyo city of Japan. It is one of the largest financial institutions in the world.
Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. It operates in many countries of the world.
10. Crédit Agricole
French bank Crédit Agricole ends the TOP 10 largest world bank ranking. It has a balance of $ 1.984 billion in assets.
Crédit Agricole is one of the largest companies in France, successfully controlling a large share of the domestic banking sector.
9. BNP Paribas
BNP Paribas was founded in 1999 and has now reached the top in financial, banking and insurance rankings. Currently the company has representatives all over the world and is headquartered in Geneva, Paris and London.
Its assets are $ 2,430 billion and its market value is $ 39 billion.
8. Bank of America
BoA is the second largest bank in the USA, with a wide range of financial services at home and abroad.
The headquarters is located in the city of Charlotte, in North Carolina.
According to the latest data, the BoA balance has assets of $ 2.620 billion and its market cap size is $ 209 billion.
7. Mitsubishi UFJ
Mitsubishi Japanese holding company is one of Japan’s “best” banks with $ 2,893 trillion in assets.
Its advanced network of departments around the world enables MUFG to operate in 40 different countries.
The company was founded in 2005 by the merger of two of Japan’s largest banks and is headquartered in Osaka.
HSBC, a UK-based bank, serves many parts of the world. It has a lot of branches especially in regions where the UK is active. HSBC is one of the largest banks in both the world and the UK.
5. J.P. Morgan
JPMorgan Chase is one of the most emerging and popular US banks in the financial industry. This company was founded in 2000 as a result of the merger of several large banks. JPMorgan Chase HQ is located in Manhattan, New York. It is one of the largest investment companies in the world.
Currently, its assets total $ 3.139 billion and its market value is over $ 292 billion, keeping it among the most valuable companies in the world.
4. Bank Of China
The Bank of China is one of China’s oldest and most reliable banks. It was founded in 1912 and has been leading the domestic banking sector until now.
More than 70% of the company is owned by the Chinese Government and has offices in more than 20 countries.
According to the data, its assets are close to 3.387 billion dollars and its market value is 113 billion dollars.
3. Agriculture Bank Of China
ABoC was created by Mao Zedong in 1951 to aid collective farms, peasants and workers. Currently, this bank has entered China and financial and commercial companies all over the world.
It is headquartered in Beijing and has nearly 24,000 representatives at home and abroad.
Agricultural Bank of China collects more than $ 3.698 billion in total assets and has a market value of $ 147 billion.Support for agriculture started to work. Today it is one of the largest banks in the world.
2. China Construction Bank
It was founded in 1954 and is now called the “Construction Bank of China”.
According to the latest data, it has $ 3.822 billion in assets and its market value is more than $ 204 billion.
Initially, CCB was created for government exchanges and was later converted to commercial only.
The company has more than 14,000 departments serving more than 372,000 employees worldwide.
The world’s largest and richest bank is the Industrial and Commercial Bank of China (ICBC).
It is part of the “BIG FOUR”, one of the financial controls of the Empire of Heaven; It controls almost ⅕ shares of all banking in China.
According to the latest data, it has $ 4.322 billion in total assets and a market value of $ 242 billion.
The bank was founded in 1984 and currently has more than 450,000 employees.
Its headquarters are in Beijing. More than 70% of the company’s shares are the property of the government.
The 10 largest banks in the world
We have listed the list of the world’s largest banks. We prepared a list according to their active assets. In recent years, China’s economic growth has increased the income of the banks in the country. You can see the impact of China on the world economy from the list of the 10 largest banks in the world.
- ICBC (China)
- China Construction Banks (China)
- Agriculture Bank Of China (China)
- Bank Of China (China)
- J.P. Morgan (USA)
- HSBC (United Kingdom)
- Mitsubishi UFJ (Japan)
- Bank Of America (USA)
- BNP Paribas (France)
- Crédit Agricole (France)
The list of the world’s largest banks is being renewed every year. For this reason, you can see the names of different banks from time to time in the list. You may not have heard of some of the companies on the list before. There could be many reasons for this.